Use this button to switch between dark and light mode.

Proposed Changes to the Community Reinvestment Act for Banking Institutions

August 16, 2022 (2 min read)

The federal banking agencies recently issued a proposal to revamp areas of the Community Reinvestment Act of 1977 (CRA), which is a federal banking law requiring banks to not only meet the credit needs of their communities, but do so in a fair and equitable manner. Access this practice note which provides an overview of the proposed regulation to revamp and expand the CRA.


Related Content        

  • Fair Lending Laws and Enforcement Trends
    Take a look at the primary federal fair lending laws, the CRA, Equal Credit Opportunity Act (ECOA), and the Fair Housing Act (FHA), and gain an understanding of the array of federal and state consumer protection laws that seek to ensure fair and equal access to credit for all consumers.
  • Community Reinvestment Act and Financial Inclusion
    Explore Office of the Comptroller of the Currency (OCC) guidance regarding financial inclusion standards applicable to financial technology (Fintech) firms seeking to become special purpose national banks.  This practice note includes a review of the CRA regulatory requirements and Fintech’s role in providing credit availability and lending in low- and moderate-income areas.

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.                        

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+